Read My Lips II: XXXXXXXXXXXXXXXXXXXXXXXXXX

clipped from www.cbsnews.com Because personal income tax revenues bring in around $1.37 trillion a year, a $200 billion additional tax would be the equivalent of a 15 percent increase a year. A $100 billion additional tax would represent a 7 or 8 percent increase a year. One odd point: The document written by Jaffee includes this line: "It will raise energy prices and impose annual costs on the order of XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX." The Treasury Department redacted the rest of the sentence with a thick black line. The Freedom of Information Act, of course, contains no this-might-embarrass-the-president exemption. You'd hope the presidential administration that boasts of being the "most open and transparent in history" would be more forthcoming than this.